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opportunity for americans. at a time when our deficit has been cut in half, it enables us to meet our obligations to future generations without a mountain of debt. this adheres to the spending principles members of both houses and both parties agreed to. it also builds on that progress with what we are calling an opportunity, growth, and security initiative, that invests in our economic priorities in a smart way that is fully paid for by making smart spending cuts and closing tax loopholes that right now only benefit the well-off and well-connected. i will give you an example. right now our tax system provides benefits to wealthy individuals who save, even after they have amassed multimillion dollar retirement accounts. by closing that loophole, we can help create jobs and grow the economy, and expand opportunity without adding a dime to the deficit. we know the country that wins the race for new technology will win the race for new jobs, so this budget creates 45 high-tech manufacturing hubs where businesses and universities will partner to turn groundbreaking research into new indus
for his domestic initiative while also strengthening the deficit. >> host: dan, republican caller. >> caller: i was just listening earlier to a caller talking about the epa, and they talked about bill companies getting all these breaks. based on what i've read and found out on the internet is a pay $60 million a day in places, in taxes. and how you going to pay that if you shut down the oil companies and the guy that's supplying the energy for the united states? >> host: where did you read they pay for leasing of the land and taxes? >> caller: that's just on the internet. >> host: zachary goldfarb, the oil companies and gas company to pay taxes and they do have to pay the federal government to lease these lands. >> guest: that's right. the reason the government thinks is there is its multiple. first, the government belief these are public lands in many cases and some some of the benefits of that oil and gas should spread the people in those committees and around the country and not just into the pockets of the company. secondly, there is enforcement, environmental regulations in t
's fiscal outlook. we have cut the deficit in half as a share of the economy, experiencing the fastest fury of deficit reduction since the demobilization of world war ii. the budget continues this progress. bringing deficits down to a share of the economy to 2% by 2023 and putting the debt on a declining path. we've seen a notable and significant decline in health care spending growth over the last few years, in part due to the affordable care act, we know that over the long run, the growth of the health care costs continues to be our nation's most pressing fiscal challenge. that is why the budget builds on the savings and reforms to health reform law with additional measures to strengthen medicare and medicaid and encourage high-quality and efficient health care. we also know that revenue has to be a part of the solution to our nation's long-term fiscal challenges. given the aging of our population and the declining ratio of workers to retirees, we will need additional revenue to maintain our commitment to seniors, while also making the investments that are needed to grow our economy and e
of the conditions applied. difficult steps need to be undertaken to raise as gas prices and trim budget deficits, but ukraine should be given a long enough pleased so these reforms don't strangle a nation. today dealing with threats to its very existence. second, crimea. russia has invaded ukraine. make the mistake. they have done so in violation of the united nations charter and the very accord that they signed in 1994 guaranteeing crimea's territorial security. no doubt vladimir putin will soar him as his ally in ukraine president's office in no doubt he didn't like the fact united states voiced his strong support for the right of a sovereign ukraine to make independent decisions about its future partnerships. and no doubt, he is infuriated that the ukrainian people are now on their way to getting their way. this is not a schoolyard. you don't get to push around weaker or just because you don't like them. this is a 21st century. the reason we belong to organizations like the united nations, the reason we negotiate treaties like the budapest memorandum is because we now understand after centuri
even further into record territory. >>> the treasury department says the country's budget deficit dropped to its lowest level in six years, during 2013. the federal deficit was $680 billion in the last fiscal year. that's down from about $1.1 trillion the previous year. cnn global economic analyst, managing editor of "time" magazine. so it's a dramatic -- about 15% drop in the deficit, which is still high, but a lot less than it used to be. what happened? >> well, in short, the country's growing again. we have been in a recovery for the last year. hasn't felt like one to a lot of people, but growing your way out of a deficit is always the best way to do it. that happened during the boom period of the clinton years, what a lot of people have been hoping would happen once we got past the fiscal headwinds in washington, that we get back on a growth path. what's interesting, though, there is actually a cbo study out looking at the longer term impact on budget deficits. and we have to keep growing faster in order to keep it down. we go back to a 2% economy, those numbers will tick righ
convince the american people it would be different this time. >> i will. the worst budget deficit under george bush happened in his last term in office. that's when nancy pelosi was speaker of the house. budget ra $450 billion. president obama blew through those deficits. he had in excess of trillion dollar deficits year after year. what the republicans were able to do in the house is not continue that level of trajectory. has spending gone up? it absolutely has. but the level has slowed down and -- >> i get the feeling, congresswoman, maybe not you in particular, a lot of your party are giving up the fight and keeping the powder dry and hoping at the end of the year pick up more seats in the house and maybe take the senate and you bet you that will be the time when republicans get serious. but is that a lot to hang your hat on? >> well, what we need to hang our hat on is boosting the labor force participation rate. we're at the lowest level ever for anyone over age 16 actually having a job in the labor force and in a full-time capacity. that has to change. and unfortunately the preside
deficit has been cut in half. it allows us to meet our obligations to future generations. from the heard president, deficit picture is looking better. much so that levels will be below where they were before the budget crisis. >> how do republicans react to away from the emphasis on deficit reduction act out >? >> john baeder came out and said that this was the most irresponsible budget yet of the obama has proposed. the president laster put out an all french to republicans and said he was willing to make changes to social security, medicare and other entitlement programs. those are all gone this year. for republicans to look at these budgets in the lines of what the established last year in terms of topline numbers under the agreement, this budget is something that will not move in the house of republicans. are viewed asts more of political documents as opposed to policy proposals. >> that really is right. especially this year. yep midterms coming up in november. the white house wanted to lay out policy priorities going forward to follow through on over the next eight months. the presid
speaker john boehner, and if you look at the deficit, it's been cut by more than half in 2009, the fastest deficit decline over a sustained period since world war ii, so would you acknowledge some progress is being made? >> yeah, i think it's a great point. if you look at the numbers, looks like quite a bit of progress has been made and the deficit has come down very quickly. that, of course, comes after a large rampup in the deficit where it grew by 800% before those four years, and i think more troubling is if you look at the nation's debt, where our debt levels are twice as large as they've been historically and are at historic highs and that's where the trouble is. while we've done a lot of deficit reduction, we've done it in the wrong way. we've focused on, i think, inadvertently through congress not being able to pick our policies on short-term measures that came out of the budget, which isn't where the problem is. what we should be doing is trying to replace those savings that came from the sequester that aren't as useful or long-term with more permanent and structural changes to en
issue right now, deficit, debt, from the ministrations point of view, it is not something are focusing on right now. >> take you for setting the scene. -- thank you for setting the scene. york, our guest host, we have the chart of earlier. it is a massive victory lap. can we get back to a surplus? can we get back to that surplus? >> that is certainly not on the near-term horizon. what is important to note, three years ago the deficit was 10% of tdp and this year, 3%. it wasn't pretty. it didn't look like the civics textbooks, but we have a lot of deficit reduction. we had the ryan murphy agreement. it basically takes fiscal policy off the table for the next two years. barring a dramatic or election outcome in november, the administration will be status quo for 2017. >> are you willing to say austerity in the u.s. worked while austerity in europe did not work question mark -- work? able to register economic growth. it has been sluggish. europe has not been able to pull it off and a big impact of the fed he been the economy supported. >> the former fed governor, wonderful textbook, i don
with opportunity for all americans. at a time when the deficit is cut in half this allows us to meet our obligations to future generations without leaving them a mountain of debt. to the balance in congress but it also builds up on that progress with what we are calling an opportunity, growth and security initiative, that invests in our economic priorities in a smart way that is paid for with smart spending cuts and closing tax loopholes that right now only benefit the well-off and the well-connected. i will give you an example. right now the tax system provides benefits to wealthy individuals who save after they have amassed multimillion dollar retirement accounts. by closing that loophole we can help create jobs and grow the economy, and expand opportunity without adding a dime to the deficit. we know that the country that wins the race for new technologies will win new jobs so this creates 45 high-tech manufacturing hubs where universities and businesses will work for groundbreaking technology for new jobs in america. part of the reason we're here today is because education has to sta
to the federal deficit. h.r. 3370 enables congress to develop a long-term solution that protects local economies and holds government accountable. i yield back the balance of my time. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentlelady from maine seek recognition? >> to address the house for one minute and revise and extend my remarks. the speaker pro tempore: without objection, the gentlelady is recognized for one minute. ms. pin grow: thank you, mr. speaker. mr. speaker, i want to talk for two girls from maine. they both celebrated their eighth birthdays last month and are in second grade. ms. pingree: since their presents are just days apart they decided to have a joint birthday present. instead of presents, they asked for people to bring the most needed items from the food pantry. there was never a suggestion from a parent or teacher to do this, they planned it all themselves. i agree with their teach whore said, these two girls have some of the biggest hearts she's ever seen. their compassion and generosity is inspiring and i want to recognize and
when our deficit's been cut in half, it allows us to meet our obligations to future generations without leaving them a mountain of debt. >> woodruff: the 2015 deficit would decline, to $560 billion, but republicans today said the red ink, spending hikes and tax increases mean the plan is dead on arrival. senate minority leader mitch mcconnell. >> rather than put together a constructive blueprint the two parties could use as a jumping off point, to get our economy moving and our fiscal house in order, the president has once again opted for the political stunt for a budget that's more about firing up the base in an election year than about solving the nation's biggest and most persistent long-term challenges >> woodruff: congressman paul ryan, the house budget chair, likewise called the obama plan a disappointment. in a statement, he said: >> woodruff: ryan offered an extensive critique yesterday of federal anti-poverty efforts. he's expected to release a republican budget proposal in the coming weeks. >> woodruff: some of the more notable pieces of the president's proposal, and expected
to address the deficits, chronic deficits in the national flood insurance program. they are undoing the work to providing relief. the house will take up an energy will restrictich the epa's regulation of carbon emissions by coal-fired plants. this is a big priority of utilities. it would require any limits for new plants to be based on existing technology. it will be a theme this week. there will be several energy bills, just like there was a theme last week about excessive regulation. we thank bettelheim, you for the lookahead. as always sir, thank you for your time. >> my pleasure, sir. >> on the next washington journal, national review --umnist talks about us joins us to talk about the tea party. followed by brandywine garden -- eingarten. in thejoined with daniel council of foreign relations. washington journal is live at 7:00 a.m. eastern. what we're told, both as students and as a nation, is there are all kinds of siddons and marches and demonstrations and occur. -- sit in's marches and demonstrations that occur. barks --it was rosa basically, it was rosa parks and the young preacher w
, don't be my friend. >> easily defensible. >> another stimulus plan. more debt, higher deficits, rob our children blind and you're all in support of it? >> it's not that i'm in support of it let's talk about what it really is. the numbers already been decided. that was the whole partisan thing that happened a few months ago, what we're going to quick et over is how that money's going to be divided. >> we're going to gut defense. >> you may have heard that it's an election year. is it at all possible that this is an election budget that every one of us knows is never going through? >> we're going to rob our children? >> no, we're not. >> it's not going to happen. >> you know it's not going to happen. >> it's an election year. fudge it. >> i concede the point counselor. >> good night, folks. >> i concede that point, it's not going to happen, the fact that he wants it. didn't we learn? sl. >> he doesn't want it, congress wants it. >> everyone in congress has to run in november, it's a democratic budget p. >> why do they waste our time in. >> that's how politics works. you don't think th
he is recommending for each show agency and the deficit projections for 10 years. they say it will be low work, but how to make at work. obama will not be including the chain cpi proposal. inflation is measured that would have the effect of lowering social security benefits and other federal benefits. the aarp andsed by liberals in congress. arguing itthat out, was a all a branch for republicans. not willing to do a big deal on the deficit in order to get things under control. by taking that out, they will lose 230 billion or so in deficit reduction. already we know one of the ways will be assuming the senate passes and immigration overall. go much does that cost you these are the kinds of things we will be looking for. perhaps the least effective budgets we have seen in years because congress are it has a toplines appropriations number for this year. they are are ready holding hearings. this is entitlement overhaul out of the midterm. how is the budget actually released today, and to are the surrogates that the white house is sending to capitol hill over the next coming da
? it is contained. we do not think it is a contagion threat. in the so-called double deficit countries, they are quite small in terms of their exposure to the developed market angst. opportunityke this to buy more emerging-market equities right now? intoe you still buying other equity markets, more developed markets in the u.s. and eurozone? >> it depends on your timeframe. over the next six months, i don't see a lot of triggers that will send the emerging markets story into a by scenario. i would be cautious. the valuation discount is about 30% and that is attractive. and lot of contagion risk that is psychology with the ukraine and other stories is scary so i would be cautious to neutral on emerging markets right now. have thena does not risk of contagion, you mentioned the fragile five, which might present a risk when we talk about the contagion to emerging markets? >> i don't think any of the fragile five are a risk in the developed markets for a couple reasons. they are tiny. take argentina and venezuela and put them together, less than half a point of global gdp. they are really
lending that will be done. in other words, the tax will go not to reduce the deficit or debt and it will be less lending. why would we be doing that? it makes no sense. spoke with a hunt representative and i want to get your take. to 25, and you are right, 99% of taxpayers will be at 25% or less. 99% and a when i was in school. what we do that is have trade-offs. >> back to the one percent argument. does this thing stand a snowballs chance in hell passing? >> for the bank tax, i hope not, cost -- because you will have less lending. the panel that i was on, and simpson bowles, better known to the general public, we all recommended dramatic reduction rates and elimination of most exemptions, deductions, and credits. that is the only way you solve the problem. if you go at it piecemeal, whether a bank tax on mortgage interest eduction, you never get it resolved. the reality is you want to balance the budget and get the debt in line with where it ought to be. you are going to have to do very dramatic things. i am glad that conversation is starting. you are known as one of the mos
of people felt was ungovernable, chiefly because of the budget deficit and now there's a surplus. is there a national leadership lesson that california provide? >> you've got to be tough on spending. at the end of the day, fiscal discipline is the fundamental predicate of a free society. and you just have to maintain that. secondly, you do have to find a way to create a governing consensus or coalition. in california, we do have a majority democratic party. and we don't have the any constitutional blocking points like the 60-vote requirement in the senate or the division of parties in the house between the house and the senate. >> it is interesting, is there a lesson for president obama no matter how liberal you are, you said, here the president's about to present a budget where he's saying look, the deficits are coming down for now. we've got to spend more. we're only going to get the economy going in a meaningful way if we spend more on infrastructure and the loo i can. >> yeah, spend more but in the framework of adjusting your long-term liabilities so we're in balance. so that
. at a time when our deficits are falling at the fastest rate in 60 years we have to decide if we're going to keep squeezing the middle class or reduce deficits responsibly while taking steps to grow the middle class. >> that was president obama outlining his $4 trillion budget for 2015 setting the stage for another budget fight. it calls for growing are the tax expansion. the president says he's paying for all of this by closing loopholes, one of which is wall street's favorite loophole which allows hedge fund managers to count their investments as income instead of capital gains. many think it faces a long road because of republicans in the house. to walk us through the budget battle, jimmy williams, an opinion writer for u.s. news.com and an msnbc contributor. how are you? >> how are you, hello. >> i want to start with one of the more important things which is that child care tax credit. this is big for people. when you look at the numbers from the white house, you're talking about well over 1.5 million people effected, $600 for a lot of folks with children under five years old. my view
not a wit of care to the working and unemployed. they talk about obsessions with deficits and debt. and then they refuse to raise revenue in any form or fashion. >> advertisement reform with the chained cpi last year. they don't back him when he is trying to do what they say they want to do. >> they predicate their position on ignorance. and nobody actually calling them out. i mean, the sound that you played at the beginning of this segment, that's the -- that's all you need to know about the republican party. on the one hand, on the other hand. and in the meantime, if you ever ask them for a meaningful piece of policy, of governable policy, they have nothing. >> you know the guy's running around a big arena, trying to get to the farthest right. well, they always want to be the hardest rail to the right. take a look at lindsey graham here, who seems oftentimes a reasonable guy, but he is so scared of looking reasonable because it will get him killed in south carolina. on twitter he wrote today, isn't it original? it started with benghazi. when you kill americans and nobody pays a p
deficits, when we moe out to 2018, baby boomers begin to retire if great numbees. lou: why are the republicans having a har time remembering that it is about reding will le of spending here? why i that difficult in that document that he put out there, in my opinion, could have come from the obama white house. >> mm-hmm, that is -- how do you curb spending overtime, that is politically unpopular there is the problem. when you talk about changing tax code, peoe are not go many are not going to are having happy, if they lose tax deductibility of for municipalonds. lou: i think ts document wil reside to the sidelines, at the very best. lou: there is really no escaping retal. >> hunl demands toe made of fedel government not too many years from now. lou: john lonski thank you, we apprecte >> new reports city nationwide are doing away with red light cameras. among concerns about the red lights, what they really amount to, their worth. their invasiveness, what they increase traffic accidents. usage of these cameras has fallen. by 6% since 2012. 7 states now ban them. i think this i
of legislation that congress passed to address the chronic deficits in the national flood insurance program. they are undoing the work to provide some relief. in the energy bill, the house will be taking up a measure that would restrict the epa's regulation of carbon emission by coal-fired power plants. this is a big deal in the climate change debate and a big deal for utilities. it would require any limits for new plants to be based on existing technology. that will be a theme this week. there will be several energy bills just like there was a theme about excessive regulation in view of the gop. bettelheim, as always, thank you for your time. >> death from other major decline.continue to death from alzheimer's have increased 70% in the last 18 years. over 5 million americans have alzheimer's and at this rate as as 17 million could have it. so few people have something to relate to. if my wife and i saw something -- somebody talk about it, it make us feel not alone. although whispering is better than the silence that the community has been facing for decades, it still not enough. it needs t
a current account deficit, whether you are on the production side of commodities or the consumption side of commodities. clearly there are some particularly hard-hit emerging markets leaving the ukraine aside for a moment. you've got the now so-called fragile five, brazil, india, indonesia, south africa and turkey. and those are some of the most beleaguered areas. but there are also going to be some winners. we have a fairly optimistic view on china which is by far the biggest within the emerging markets sphere. >> wish we had more time to explore that with you. liz ann, always a pleasure talking to you. thanks so much. >> thanks for having me. >> liz ann saunders, chief investment strategist at charles schwab. >>> if you're wondering which well-known u.s. companies have some of the biggest exposure, among them are general motors. it makes about 100,000 cars a year at a plant near st. petersburg and it's hoping to expand operations next year. ford operates three plants with a russian automaker. exxon mobile formed an alliance with russia's state-owned oil company in 2011 exploring for oi
the deficit sharply. that will end the corrupt subsidies to the coal and gas sector. >> where does this leave the eu? this is a country that if it were to become part of the eu would be bringing on a whole a lot of problems. it is effectively another grease type situation in terms of being in debt. eu'soes that leave the feeling toward ukraine knowing if they were to welcome them in, they would be taking on most -- a host of economic problems. ? one of the wings to bear in mind -- one of the things to bear in mind is that the ukraine is split between the east and west. many people in the west are pro-europe and those in the east are more pro-russia. i think we will have to wait to see what happens with the new government and whether they can forge a national unity before we can start talking about what this will mean for europe. >> thank you very much for joining us and we will continue checking in throughout the day. x and the senior fellow at the peterson institute in washington, d.c. you are looking at a live shot of the deposed ukrainian vichdent victor yanuoklo holding a press conference
that billions of dollars to our deficit every year. insteadrats, we believe of more tax breaks for the few, we should make investments to grow the economy for everyone. that's what we believe. [applause] opportunity for all means guaranteeing every young person access to a world-class education. [applause] ago, justfour years an example, four years ago we took on the student loan system that gave billions of taxpayer dollars to big banks as part of the student loan system, even as there were young people out there who were not getting the help they need it to go to school. so we use the savings to help more students afford college. today, more young people are earning college degrees than ever before. you would think republicans would say, you know what, that's a good idea. good for you, mr. president. [laughter] bno, the republicans still want to return that money to the banks. as democrats, we are fighting to make sure that more americans can afford higher education, whether it is technical training, community colleges, four-year university. that is what we believe. that is what we are fight
differentiate as i look the key issue for me is who is dealing with a budget deficit or who is not raising interest rates. what is the critical issue for you? willdonesia for example mark itself out as different from the others. elsewhere,ine and don't be too concentrated in emerging markets. political risk is large and it is not very well-predicted by investors. do be well diversified. take some overweight and underweight positions. we tend to be overweight the small countries and underweight the largest ones. underweight the brics historically. that can be difficult when china is on a strong rally. good stead over the long term. >> what is going on in china? i come in everyday, we have the yuan on the move, we are trying to lure him the currency? there is something very interesting in the past couple of weeks in china. >> they have to squeeze the excess is out of the system and it is going to be painful. we talked about volatility earlier. we can expect that to spike up later in the year. there is going to be some headline news out of china as this credit excess is squeezed. i think the
deficit disorder,
. cutting spending and raising revenues. really important is reform. a lot of the budget deficit is because ukraine has a very high energy subsidies. it pays a fifth of the import price. energy has to rise as well. that's really, really important. it is important for getting rid of corruption. other bits are likely to be stabilization. that's the good news. the final bit is banking sector reform. the exchange rate when it weakens will credit a big hole and that one needs to be filled. >>> take a look at this, would you? is this the future of aviation? investors behind this giant airship believe it could revolutionize oil exploration to disaster relief operations. it will be able to lift 50 tons of cargo. it has been sold back to the british firm. it has won the financial backing of one of britain's most success rock stars as richard wescott has been finding out. >> reporter: inside britain's big of aircraft hangar, something is growing. beating into life the world's longest flying machine. looks like an airship, but it isn't because it doesn't float. what you can see from here is that uniqu
as president. >> the main problem is the fiscal deficit, representing 4% of g.d.p. the government will have to reduce subsidies, resulting in an increase of drifty and transportation costs. cristina fernandez de kirchner's next move will be to convince trade unions to ask for modest wage increases whon others are sharpening their lives for the elections. >> now to the top story in ukraine and the crisis in crimea. we are able to talk to srca markov, a -- srca mark of, a split scientist and member of the russian parliament. some in the west are accusing russia of overreacting. how do you respond? >> i said the west underreacted in what happened in ukraine. in ukraine you can see the military - they are democratically elected ukrainian president yank are a are -- viktor yanukovych, and they are not able to do it. mostly in the government is someone hated bit the majority of ukrainian people. now you see a revolution in the eastern and regions of ukraine. those regions want to be part of ukraine. they don't recognise who took power in kiev. if russian troops intr the territory. they do it to s
and it was his 126th goal at the new camp equaling the home record. and they reduced the deficit for a header. and barsa two other goals came from later in the second half. defender calis and a curler from hernandez stealing the victory and they move barsa into second, i'm richard with al jazeera. >> reporter: dropped points in the chase for a championship and they were held and the penalty was cancelled out. and he stays fifth. and a city manager manual has domestic trouble after they won the english lead cup and it was 3-1 at london stadium and they went through and they sealed the victimry through second half goals. >> translator: the first half was difficult. but it was necessary to remember sunderlund beat chelsea and manchester united and we had to wait because it was difficult but a victory in the final was victory in the final and not a favorite and we won this year and did the work necessary and the fact we didn't win last year was because we didn't do the work needed. >> reporter: in italy syria has gone 11 points clear of second place roma and beat milan 2-nil thanks to goals an
reduced the deficit, two other goals came from two of their stalwarts late in the second half. defender car carlos pulo, richad barth al jazeera. >> it was a thrilling final round at the honda classic in florida where the title was decided in a four man playoff. tiger woods began seven shows behind, but he was forced to withdraw with a back injury. double bogey, four-over 74, missed the eagle putt, for the final hole of the outright win. henley, only second pag victory. >> it was a rush to be out there, playing with rory. i've never played or bean part of the crowd so big. it was just an amazing feeling. i feel like i kind of got them going and it was so much fun. i hope i can have a bunch more sundays just hike that in my career. >> i didn't -- like that in my career. >> i didn't play well enough to deserve the tournament. just wasn't in control. my golf ball coming down the stretch. but you know still had a chance to win the tournament, didn't quite do it, and just had an awkward distance from my second in the playoff and a couple of awkward lies, couldn't make birdie but it's been a
in somebody's life, it shows up there. >> yes, what we can see is there is a deficit in theiar in the ae middle frontal cortex of kids who have ptsd. >> brown: in the developing brain of a child, ptsd can discourage learning. >> so the issue we have with chronic stress, it manifests as a ptsd syndrome or disorder is that some of the areas that are affected are areas that we need for our learning. for example, brain centers that process memory, brain centers that process executive function are particularly vulnerable. so ptsd can have an effect in how children learn brown. >> brown: according to carrion, up to 30% of children who live in low-income, high poverty neighborhoods will show symptoms of p.t.s.d. for every child in our school who acts out, i can look to something in their life that's not working. every single time there's a concrete and sad story about why this child doesn't get what they need. >> bring your arms up, put your left leg around your knee. >> brown: by teaching children to pay close attention to breathing and movements, the medical student hopes they're better prepa
when our deficit has been cut in half, it laos us to meet our obligation to future generations without leaving them a mountain of debt. >> budget also did he vote money for highways and roadways. >> republicans have a different view on spending priorities and debt. what are they saying? >> john boehner calling it perhaps the president's most irresponsible budget ever. paul ryan says it isn't a serious document, it is a campaign brochure. ryan is working on a budget of his own which is expected to take a look at poverty programs noting some work, others don't. as for the president's blueprint, the top republican on the senate budget committee blasted it. >> this budget will not work. it's bad for america. it does not get us off the debt course we're on. it has total flimflam in it, it projects we're going to raise another 1.75 trillion. the last two budgets proposed an increase of a trillion dollars in taxes. this would almost tunnel the amount of tax increase. >> republicans say the president's plan spends, borrows, and taxes too much, gretchen. >> thanks. >>> fox news alert, health an
spending and not deficit reduction. the top republican on the senate budget committee says he wants to know when the president is going to get serious. >> this budget will not work. it's bad for america. it does not get us off the debt course we're on. it has total flimflam in it. in that it projects that we're going to raise taxes another $1.75 trillion. >> house budget chairman paul ryan said the president's budget is not a serious document. it is a campaign brochure. and aides say the soon to be le balance. >> mike emanuel live on the hill, thank you. >>> still ahead, what is the ukraine crisis doing to the u.s. space program. >>> first, the primary season kicks off in texas. it's eb. want to give your family the very best in taste, freshness, and nutrition? it's eb. want to give them more vitamins, omega 3s, and less saturated fat? it's eb. eggland's best eggs. eb's. the only eggs that make better taste and better nutrition... easy. eggland's best eggs. better taste. better nutrition. better eggs. it's eb. better eggs. your hepatitis c.forget it's slow moving, you tell yourself. i have
about saving money all the time and being concerned with deficits and being totally driven by that but not being concerned in saving money when people are in jail for marijuana and mandatory minimums that judges have said were awful and for nonviolent first time offenders serving lifetime sentences in jail costing us $30,000 a year. >> comcast is running this ad in new jersey where medical marijuana is legal. >> yo, you want sushi? i got sushi. i got tuna, salmon, sweet shrimp. i got the finest this area has seen in years. >> you wouldn't buy your sushi from this guy so why would you buy your marijuana from him? >> did i mention that it's national pancake day. marijuana, pancakes, sushi. >>> benjamin netanyahu stirred up controversial and joining me to talk, comedian and "daily beast" columnist and friend of the show, dean ovadala. let's start with pot. marijuana has been huge this year and the pot jokes are a gold mine, i'm sure, for your profession as a political comedian. >> on some level it is but i think we've jumped the shark on pot. when pat robertson came out in fro
's ever proposed for, not for reducing deficit but more domestic spending. we've had huge spending increases, so those are such nonstarters, i don't see how you get common ground. granted, we're living under another budget agreement for now. but it's clear he's moving farther to the left to try and -- for those reasons and he's not trying to move to the middle. >> congressman, you said that three times, he's moved to the left, it's a nonstarter. does that mean i can't ask you about closing loopholes or -- >> yeah, sure, go ahead. >> are there any ways in which you all could maybe come to something and end up with one or two or three of these things and get some of the things that you want? >> yeah, so we just -- our chairman of the ways and means committee, dave camp, put out a specific discussion draft of tax reform, which does just that. it closes loopholes. instead of using the money for spending which increases the deficit -- he has $1.8 trillion in tax increases, half goes for spending. we're saying take the loophole closures and use it to lower tax rates to grow the economy.
term on trying to boost job growth. over the ten-year window you will see steadily declining deficits. at the end the period i think you'll see a declining debt-to-gdp ratio. that's the right trajectory. >> yesterday we had warren buffett on the program. he said he thinks the proposal would be to boost the earned income tax credit even more, expand that in a bigger way. that's a way to boost wages for people that are working without looking at job losses by raising the minimum wage. how about offering it to a wider variety of people and taking the minimum wage proposal off the table? >> these things are not mutually exclusive. there's no reason you can't work at both ends here. >> is it something you would offer if you did a broad -- not what you're talking about right now, but boosting the income tax credit in a big way, offering it across the aisle as a way of finding compromise, in instead of looking at one from another. i think that would be something republicans would take on heartily. >> we're willing to consider any ideas republicans put on the table. the president is putting t
loss since the bailout in 2008. 15 billion-dollar deficit for last year. he calls rbs the industry's least trusted leader, does the ceo. >> the bank. the largest bailout in europe. still owns the vast majority of the bank and is still pulling the strings. >> by the way, wire pros playing in the olympics? >> that is what the nhl is asking -- the players love it. >> the players love it and flagwavers love it, i am not fair -- sure it is fair to college athletes. >> we need to go to the ukraine. we spoke with the new leadership to read good morning. >> good morning. his name is arseniy yatsenyuk, the prime minister designate. inis about it -- to be voted as the interim prime minister of the country for the next few months. parliament is still chewing over this decision. >> how front and center is crimea to the management in kiev? >> very front and center. i was standing in the parliament here in kiev. meanwhile, in the crimea, the parliament had just been seized by a group of about 100 gunmen. i asked the prime minister about that and he said it is the first crisis he has to deal with
and deficit and entitlement reform and all of those things. this president likes his government super sized. this budget will never balance. and i think the president wants taxpayers to pay more so that washington can spend more >> what i read is he is asking for million in new spending. does that go anywhere? >> i don't think it does. last time he had a budget, not even any of the democrats voted for it. his policies make it harder to get back to work. >> $17.4 trillion is the debt clock. that is ridiculous. in three years from now, you will be $19 trillion? how is that acceptable to anybody? trying balance a book in washington, d.c. >> what we will see is the fastest growing part of the budget is interest on the debt. the president added $6.9 trillion in the debt. this continues to be a driving issue for the country. you know, we are not going to be able to sustain the safety net with this debt and interest. >> i think the viewers get it, too. what other republican options do we have? >> the options are to say let's deal with the issues we know get people back to work. we have a health ca
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